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,the St. Joseph River and East Raceway is an affiliate of <br />Can -American Corporation. <br />0 The project will have 82 one bedroom units and 120 two bedroom <br />units, and is scheduled for occupancy in September. Construction <br />financing was arranged with Mellon Bank, and permanent financing <br />was provided by John Nuveen & Company. <br />The construction of the project is a joint venture between <br />Bor-Son Construction based in Minneapolis and Verkler Construction <br />Company of South Bend. The architect is Winsor/Faricy Architects <br />from St. Paul, Minnesota. The rent on this luxury residential <br />community will range from $480 to $610. Included will be a full <br />size washer and dryer, mini blinds, balconies, spacious living <br />areas, security buildings and spectacular river views. The Club <br />House will have a large fully equipped party room, an exercise <br />room, tennis court, whirl pool, out door pool, BBQ grills and a <br />pedestrian path. Heated underground parking will also be <br />available. <br />For more information, write the managing agent at: <br />Canadian Financial Housing Corporation <br />1117 Marquette Avenue South, Suite 200 <br />Minneapolis, MN 55403 <br />ATTN; Cindy Newport <br />or call (612) 332-5544, Ext. 100 <br />I would finally like to thank all of the people who have <br />devoted their time, attention and expertise to the project: <br />Redevelopment Commission <br />South Bend Park Board <br />Economic Development Commission <br />South Bend Common Council <br />All of the group who carried petitions for the East Race <br />Bond issue <br />Can -American Realty <br />Mellon Bank <br />John Nuveen & Company <br />Bor-Son Construction <br />Verkler Construction <br />All of the many community supporters who have helped <br />on this project. <br />